Archive | October, 2008

AUSTRALIA: ‘Gas World Australia 2008’ to be held in Perth from November 25 to 27

(EnergyAsia, October 31, Friday) — ‘Gas World Australia 2008’ will be held at the Sheraton Perth Hotel in Australia from November 25 to 27. The event will focus on issues facing gas markets in Australia including investment, export opportunities, current operations, and growth opportunities.  Speakers will focus on the global and domestic outlook for gas, […]

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SINGAPORE: ‘Negotiating Successful Gas & LNG Contracts’ to be held from November 11 to 14

(EnergyAsia, October 31, Friday) — ‘Negotiating Successful Gas & LNG Contracts’ will be held in Singapore from November 11 to 14. The gas and LNG markets are being deregulated around the world and growing rapidly, offering business opportunities for all stakeholders including government entities, producers, sellers, transporters and buyers. However, the high contract value, complicated […]

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ASIA: China and India vie with US for oil

(EnergyAsia, October 31, Friday) — Oil has become the focus of increasing tensions in global power politics, with China and India revving up the competition for resources against the US. Much of the US global predominance is based on its access to inexpensive energy sources around the world, particularly oil. However, as China and India […]

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MARKETS: “Alarming” drop in air traffic for September

(EnergyAsia, October 31, Friday) — International air traffic plunged sharply in September as the industry watchdog admitted losses will likely exceed its earlier forecast for a record $5.2 billion in red ink this year. The International Air Transport Association (IATA) said passenger traffic declined 2.9% while cargo traffic dropped 7.7% compared to the same month […]

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INDIA: ADB to help Himachal Pradesh state become ‘hydropower state‘ via multi-tranche loan

(EnergyAsia, October 31, Friday) — The Asian Development Bank (ADB) said it is helping Himachal Pradesh state become India’s “hydropower state” through an $800 million multi-tranche financing facility. The eight-year loan package will help finance the construction of several run-of-river hydropower generating plants that will bring in combined capacity of 808 megawatts (MW) for the […]

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CHINA: CNPC starts construction of oil refineries in Chad and Niger

(EnergyAsia, October 31, Friday) — China National Petroleum Corp (CNPC) has started construction work on two small oil refineries in the landlocked African states of Chad and neighbouring Niger. The refineries will be the first for the two impoverished countries which have benefited from the resource boom and rising Chinese investment in recent years. Niger’s […]

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AUSTRALIA: Origin Energy says state agency has approved LNG joint venture with ConocoPhillips

(EnergyAsia, October 31, Friday) — Australian upstream company Origin Energy Limited said US energy firm, ConocoPhillips, has received approval from the Foreign Investment Review Board (FIRB) to acquire a 50% share of a coal-seam gas (CSG)-to-LNG joint venture with Origin. The transaction is now unconditional. ConocoPhillips will now have to make an up-front payment of […]

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AUSTRALIA: AGL says stake in QGC valued at A$1.18 billion

(EnergyAsia, October 31, Friday) — Following news of BG’s plans to acquire Australia’s Queensland Gas Company Limited (QGC), AGL Energy Limited (AGL) said it will sell all its shares in QGC to BG unless a superior competing offer emerges. BG’s announcement was made by subsidiary BG International (Australia) Investments Pty Limited. AGL will receive A$5.75 […]

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